New Gildan CEO provides update on key strategies

Reflecting on his first 90 days, Gildan’s new president and CEO, Vince Tyra, has unveiled his key focus strategic priorities.

He said: “I’m excited to be leading Gildan at this pivotal time. Having completed 90 days at the helm of Gildan, I wanted to share with you my key focus strategic priorities and articulate how we can leverage our strengths and accelerate value creation for all stakeholders. Importantly, these priorities reflect feedback received from shareholders and their desire for us to continue sustainably growing Gildan. As we continue to execute on the key components of the Gildan Sustainable Growth strategy, my first few months as CEO have confirmed my belief that Gildan’s core fundamentals are strong and that we are in a great position to unlock further potential and launch the next phase of our growth.”

His five key priorities are:

• Successfully execute supply chain initiatives to maintain availability, cost leadership and industry leading margins.
• Leverage Gildan’s unique brands and develop distinct commercial capabilities to accelerate growth and strengthen the company’s market position.
• Deepen Gildan’s relationships with existing and prospective retail partners, strengthening the company’s position as the supplier of choice.
• Complement Gildan’s strong North American market position with renewed focus on select international markets to drive growth.
• Empower and build world-class talent and leadership to ensure long term resilience of Gildan’s business.

Mr Tyra assumed office on January 15.